2023-10-25T16:33:20-05:00 2022-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2022-01-01 431497518 SWOPE HEALTH FOUNDATION SWOP 8165995680 3801 DR MARTIN LUTHER KING JR BLVD KANSAS CITY MO 641302807 JERON RAVIN PRESIDENT 8165995680 2023-10-20 1 JERON RAVIN 999009999 0 JENIFER L CHASE P01306883 5638884000 2023-10-20 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JERON RAVIN 3801 DR MARTIN LUTHER KING JR BLVD KANSAS CITY MO 641302807 16315498 0 X N/A X 1984 MO SWOPE HEALTH FOUNDATION WAS CREATED TO RAISE FUNDS TO SUPPORT SWOPE HEALTH SERVICES. 4 2 1 4 0 0 292062 10903353 0 0 2119562 1953100 0 485 2411624 12856938 30000 3303300 0 0 136087 208858 165000 124000 124000 22288 315679 353375 3951837 2058249 8905101 43683398 52141878 241570 7088300 43441828 45053578 THE MISSION OF THE SWOPE HEALTH FOUNDATION IS TO ENCOURAGE EVERY SEGMENT OF THE GREATER KANSAS CITY AREA TO MAKE GENEROUS CONTRIBUTIONS TO SWOPE HEALTH SERVICES SO IT MAY CONTINUE TO PROVIDE QUALITY HEALTH CARE TO MEDICALLY INDIGENT CITIZENS OF GREATER KANSAS CITY. 0 0 3827837 3303300 SWOPE HEALTH FOUNDATION (SHF) PROVIDES SUPPORT TO SWOPE HEALTH SERVICES (SHS) TO ESTABLISH DEVELOPMENT AND FUNDRAISING STRATEGIES AND FUNCTIONS AS PART OF THE SHS LONG-TERM STRATEGIC PLAN. NEW OPERATIONAL STRATEGIES ARE IN PROCESS FOR 2023 WITH A GOAL TO CREATE MODELS FOR CONDUCTING, TRACKING AND REPORTING ON CAPITAL CAMPAIGNS, ANNUAL FUND DRIVES AND FUNDRAISING EVENTS. 3827837 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 2 0 0 0 0 1 1 0 1 0 0 0 1 1 0 0 1 1 0 0 0 X GREGORY ADAMS 8165995680 3801 DR MARTIN LUTHER KING JR BLVD KANSAS CITY MO 641302807 X DR LINDA ADKISON BOARD MEMBER 1.00 0.00 X 0 0 0 DANA CUTLER BOARD MEMBER 1.00 0.00 X 0 0 0 JERON RAVIN PRESIDENT 0.30 40.00 X X 0 373944 26058 ANGELA SMART EXECUTIVE DIRECTOR 0.30 40.00 X X 156813 0 32067 156813 373944 58125 1 0 1 0 BYRNE PELOFSKY AND ASSOCIATES 6314 BROOKSIDE PLAZA 202 KANSAS CITY MO 64113 GRANT WRITING 124000 1 6477250 4426103 10903353 929684 929684 4481976 3458560 1023416 1023416 1023416 OTHER INCOME 900099 485 485 485 12856938 0 0 1953585 3303300 3303300 177582 177582 5663 5663 14196 14196 11417 11417 4226 4226 124000 124000 27500 27500 27750 27750 605 605 182000 182000 LOAN FEES 70000 70000 MISCELLANEOUS 2912 2912 BANK CHARGES 686 686 3951837 3827837 0 124000 696670 2524724 0 10075800 32566338 24396434 10102495 8543049 317895 6601871 43683398 52141878 12261 88300 0 7000000 229309 0 241570 7088300 X 43441828 45053578 43441828 45053578 43683398 52141878 X 8905101 -7235212 -58139 X X 0 1 X 1 0 X X X 1 SWOPE HEALTH SERVICES 430957840 7 1 3300800 0 1 3300800 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 MUTUAL FUNDS 1824787 C ALTERNATIVE INVESTMENTS 2538369 C FIXED INCOME SECURITIES 4179893 C 8543049 CASH SURRENDER LIFE INSURANCE POLICY 259756 DUE FROM SWOPE HEALTH SERVICES 6342115 6601871 X PART X, LINE 2: SWOPE HEALTH SERVICES, SWOPE PARKWAY HOUSING, INC., AND SWOPE HEALTH FOUNDATION ARE EXEMPT FROM INCOME TAXES UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNCERTAIN TAX PROVISIONS, IF ANY, ARE RECORDED IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES. FASB ASC 740 REQUIRES THE RECOGNITION OF A LIABILITY FOR TAX POSITIONS TAKEN THAT DO NOT MEET THE MORE LIKELY THAN NOT STANDARD THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. THERE IS NO LIABILITY FOR UNCERTAIN TAX POSITIONS RECORDED AT DECEMBER 31, 2022 OR 2021. FORMS 990 FILED BY SWOPE HEALTH SERVICES, SWOPE PARKWAY HOUSING, INC., AND SWOPE HEALTH FOUNDATION ARE GENERALLY SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 0 1407601 0 0 0 0 0 0 1407601 0 1407601 1 0 1 0 0 0 PART III ACCOUNTING METHOD: X X 1 BYRNE PELOFSKY AND ASSOCIATES 6314 BROOKSIDE PLAZA 202 KANSAS CITY MO 64113 GRANT WRITING 0 0 124000 -124000 124000 -124000 MO 0 SWOPE HEALTH SERVICES 3801 DR MARTIN LUTHER KING JR BLVD KANSAS CITY MO 641302807 430957840 501(C)(3) 3300800 0 GENERAL SUPPORT FOR SHS AND PACE 1 0 PART I, LINE 2: SWOPE HEALTH FOUNDATION GIVES GRANTS TO SWOPE HEALTH SERVICES TO USE AT ITS DISCRETION. 0 0 0 0 0 0 0 0 0 JERON RAVIN PRESIDENT 0 366550 0 0 0 7394 0 9268 0 16790 0 400002 0 0 ANGELA SMART EXECUTIVE DIRECTOR 155686 0 1127 0 0 0 5664 0 26403 0 188880 0 0 0 PART I, LINE 3 SWOPE HEALTH SERVICES', A RELATED ORGANIZATION, BOARD OF DIRECTORS PERFORMS AN ANNUAL REVIEW OF SWOPE HEALTH FOUNDATION'S EXECUTIVE DIRECTOR COMPENSATION. SWOPE HEALTH SERVICES USES A COMPENSATION COMMITTEE AND INDEPENDENT COMPENSATION CONSULTANT TO DETERMINE THE FOUNDATION'S EXECUTIVE DIRECTOR COMPENSATION. FORM 990, PART VI, SECTION A, LINE 6 SWOPE HEALTH SERVICES IS THE SOLE MEMBER OF SWOPE HEALTH FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A SWOPE HEALTH SERVICES IS THE SOLE MEMBER OF SWOPE HEALTH FOUNDATION. AS THE SOLE MEMBER, SWOPE HEALTH SERVICES WILL ELECT EACH BOARD MEMBER. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B SWOPE HEALTH FOUNDATION PRESENTS AND DISCUSSES ITS FORM 990 WITH ITS BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 15 SWOPE HEALTH SERVICES', A RELATED ORGANIZATION, BOARD OF DIRECTORS (SHS BOARD) PERFORMS AN ANNUAL REVIEW OF SWOPE HEALTH FOUNDATION'S EXECUTIVE DIRECTOR COMPENSATION. IN CARRYING OUT THIS ANNUAL REVIEW, THE SHS BOARD ENGAGES AN INDEPENDENT COMPENSATION CONSULTING FIRM TO ADVISE AND ASSESS THE REASONABLENESS OF THE COMPENSATION OF THE EXECUTIVE DIRECTOR, WHO DOES NOT PARTICIPATE IN THIS REVIEW OF HIS/HER OWN COMPENSATION. THE SHS BOARD ALSO CONSIDERS RECOMMENDATIONS FROM THE EXECUTIVE COMMITTEE OF THE SHS BOARD. THE SHS EXECUTIVE COMMITTEE MET ONCE IN 2022 FOR THE SOLE PURPOSE OF REVIEWING COMPENSATION AND MAKING A PERFORMANCE ADJUSTMENT IN ACCORDANCE WITH DATA PREVIOUSLY PRESENTED BY ITS INDEPENDENT CONSULTANT. DECISIONS WERE COMMUNICATED TO THE VP OF HUMAN RESOURCES FOR IMPLEMENTATION. THE DISCUSSIONS AND DECISIONS WERE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VII, LINE 1A: SWOPE HEALTH SERVICES, SWOPE PARKWAY HOUSING, INC., AND SWOPE HEALTH FOUNDATION ARE RELATED ENTITIES. AS A RESULT, BOARD OVERLAP EXISTS AMONG THESE ENTITIES, AND IT WOULD BE ADMINISTRATIVELY IMPRACTICAL FOR MEMBERS OF THE GOVERNING BOARD AND THE EXECUTIVE TEAM TO BREAKOUT THEIR HOURS DEVOTED AMONG EACH ORGANIZATION. FORM 990, PART XI, LINE 9: CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE -58,139. FORM 990, PART XII, LINE 2C: SWOPE HEALTH FOUNDATION IS INCLUDED IN A CONSOLIDATED AUDIT REPORT WITH SWOPE HEALTH SERVICES, A RELATED ENTITY. THE SWOPE HEALTH SERVICES' FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT PROCESS, INCLUDING REVIEW AND DISCUSSION OF THE ANNUAL AUDIT RESULTS WITH THE INDEPENDENT ACCOUNTANT. THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM PRIOR TAX YEARS. FORM 990, SIGNIFICANT CHANGES IN 2022 REPORTING: IN MARCH 2022 THE ORGANIZATION CLOSED ON A NEW MARKETS TAX CREDIT (NMTC) TRANSACTION FOR THE PACE KC ADULT WELLNESS CENTER PROJECT. LOCAL PARTNERS, CENTRAL BANK OF KANSAS CITY AND LEGACY BANK OF SPRINGFIELD, PROVIDED THE $14,000,000 NMTC ALLOCATION AS COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). CAPITAL ONE IS THE TAX CREDIT INVESTOR, WHO CONTRIBUTED $3,900,000 OF CAPITAL WHICH COMBINED WITH A $10,100,000 LEVERAGE LOAN FROM SWOPE HEALTH FOUNDATION PROVIDES CONSTRUCTION FINANCING FOR THE NEW BUILDING. THE DEAL FOLLOWS A TYPICAL NMTC STRUCTURE AND WAS PLACED FOR A MANDATORY SEVEN-YEAR PERIOD, WITH SWOPE HEALTH FOUNDATION ACTING AS THE "LEVERAGE LENDER." THE FOUNDATION HAS COMMITTED $3,100,000 OF FOUNDATION ASSETS IN THE FORM OF A LEVERAGE LOAN TO THE NMTC INVESTMENT FUND AND HAS BORROWED $7,000,000 FROM CENTRAL BANK OF KC IN THE FORM OF A TERM LOAN. THE FINANCIAL STATEMENT IMPACT OF THE NMTC TRANSACTION IS REFLECTED ON THE FORM 990, PART X, LINES 7 AND 24, COLUMN B. SWOPE HEALTH SERVICES 3801 DR MARTIN LUTHER KING JR BLVD KANSAS CITY MO 641302807 430957840 COMMUNITY HEALTH CENTER MO 501(C)(3) LINE 7 N/A 0 SWOPE PARKWAY HOUSING INC 3801 DR MARTIN LUTHER KING JR BLVD KANSAS CITY MO 641302807 431531202 PROVIDES HOUSING TO HANDICAPPED CLIENTS MO 501(C)(3) LINE 7 SWOPE HEALTH SERVICES 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 SWOPE HEALTH SERVICES B 3300800 FAIR MARKET VALUE SWOPE HEALTH SERVICES P 150000 FAIR MARKET VALUE SWOPE HEALTH SERVICES C 6477250 FAIR MARKET VALUE